Jennifer is saving up for the closing costs ($4250) and down payment on a home. For a better interest rate and savings on mortgage insurance, she must have a down payment of 10%. She can afford a monthly payment of $900 based on her current earnings and expenses. The amount available for the mortgage is reduced by an estimated $175 per month to cover home insurance and real estate taxes. The current nominal annual interest rate is 3% for a 30-year fixed-rate mortgage loan. How much of a loan can she afford
Answers
Answer:
The amount of Loan Jennifer can afford is $171,962.30.
Explanation:
This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
PV = Present value or the amount of Loan Jennifer can afford =?
P = Monthly payment for the mortgage = Monthly amount she can afford - Estimated monthly home insurance and real estate taxes = $900 - $175 = $725
r = Monthly nominal interest rate = Annual nominal interest / 12 = 3% / 12 = 0.03 / 12 = 0.0025
n = number of months = Number of years * 12 = 30 * 12 = 360
Substitute the values into equation (1) to have:
PV = $725 * ((1 - (1 / (1 + 0.0025))^360) / 0.0025)
PV = $725 * 237.189381504283
PV = $171,962.30
Therefore, the amount of Loan Jennifer can afford is $171,962.30.
Related Questions
describe the service-product bundle for each of the following services: a. hospital b. lawyer c. trucking firm
Answers
a) Hospital: Facilitating goods through office and equipment use. b) Lawyer: The implicit service of seeking legal guidance. c)Trucking company: Explicit service from timely delivery of products.
Product bundling is a marketing strategy in which multiple products are bundled together and marketed as a single unit for a single price. This method is used to persuade customers to purchase additional products. Product bundles include McDonald's Happy Meals.
Instead of selling a burger, Coke, and french fries separately, they are sold as a package, which results in higher sales than selling them individually. Product bundling can help your company save money.
In terms of marketing, for example, there is no need to sell each product separately. Instead, group complementary products and sell them as a single unit.
Distribution is another area where product bundling can save you money by allowing you to store, package, and ship your things together, lowering costs and increasing efficiency.
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Green is a sign of danger in some countries so a U.S firm that sells its goods that sells its goods in those countries would probably want to avoid using green on its packaging. Which aspect of packaging is addressed by this issue
Answers
Answer:
Aesthetics
Explanation:
Aesthetics refers to the study with respect to the nature and enhancement of beauty, art, and the taste that is concerned with the mind and emotions study.
Since in the question it is mentioned that the Green signifies the danger sign in some of the countries and the countries avoid the use of green on the product' packaging
So this issue represents the aspect of aesthetics and the same is to be considered
A common law rule that requires that the terms of the offeree’s acceptance adhere exactly to the terms of the offeror’s offer for a valid contract to be formed is called:
1. The Mirror-Image Rule.
2. A Quasi-Contract.
3. Quantum Meruit.
4. An Option Contract
Answers
Listed below are selected transactions of Schultz Department Store for the current year ending December 31.
1. On December 5, the store received a deposit from the Selig Players to be returned after certain furniture to be used in stage production was returned on January 15. $ 500
2. During December, cash sales were received, which include the 5% sales tax that must be remitted to the state by the fifteenth day of the following month. $ 798,000
3. On December 10, the store purchased for cash three delivery trucks. The trucks were purchased in a state that applies a 5% sales tax. $ 120,000
4. The store sold 25 gift cards for $100 per card. At year-end, 20 of the gift
cards are redeemed. Schultz expects three of the cards to expire unused.
Number of gift cards sold 25
Value of each gift card $ 100
Number of cards unredeemed at year-end 20
Number of cards expected to expire unused 3
Instructions
Prepare all the journal entries necessary to record the transactions noted above as they occurred and any adjusting entries relative to the transactions that would be required to present fair financial statements at December 31. Date each entry. For simplicity, assume that adjusting entries are recorded only once a year on December 31.
NOTE: Enter a formula, a cell reference, or a value (if you are unable to reference a cell), into the yellow shaded input cells.
Debit Credit
1. Dec.5
2. Dec. 1 - 31
3. Dec. 10
4. Dec. 31
Dec. 31
Answers
The journal entry of Department Store for the current year ending December 31 is given below:
What are journal entries?Journal entries are the entries made to document the transactions carried out by the company. The books of accounts have a record of every dollar that comes in and goes out. The transactions that are documented are in the book of accounts and are examined and audited for surplus payments or deficits, which are the most frequent errors to be discovered over recording, after they have been made. Below are the diary entries related to the context that are attached.
Date Particular Amount (Dr) Amount(Cr)
1 Dec 2005 cash 500 500 2 Dec 31 cash 798,000
Sales 760,000
Sales Taxes Payable 38,000
(Being sales recorded)
3. Dec 10 Delivery Truck 126,000
cash 126,000 4. Dec 31 cash 126000
Sales 2500
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rank the species from most closely related to horseflies to most distantly related to horseflies. if two species are equally close in their relatedness to horseflies, overlap them. view available hint(s)for part a resethelp most distantly related to horsefliesmost closely related to horseflies flea katydid human body louse dragonfly mayfly silverfish submit part b complete previous part(s) part c complete previous part(s) provide feedbacknext
Answers
Here is the ranking from most closely related to horseflies to most distantly related to horseflies:
Most closely related to horseflies:
FleaBody louseDragonflyEqually distantly related to horseflies:
KatydidMayflySilverfishMost distantly related to horseflies: human.
Taxonomic rank generally can be defined as the relative level of a group of organisms in an ancestral or hereditary hierarchy In biological classification. A common system of Taxonomic rank consists several aspect. Such as species, genus, family, order, class, phylum, kingdom, domain. A subspecies generally can be defined as a taxonomic rank below species. The only such rank recognized in the zoological code, and one of three main ranks below species in the botanical code.
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Business Question! Just the first problem please, thank you
Answers
Answer:
34 coupons. $33.75Explanation:
The coupons are the interest payments the bond makes.
1. The bond has a term of 17 years and coupons are to be paid semi-annually.
This means that for every year, 2 coupon payments will be made.
In 17 years therefore:
= 17 * 2
= 34 coupons
2. The interest on this bond is 6.75% in a year. The coupon is however, semi-annual. Payment per coupon will therefore be half of the yearly rate:
= 6.75% * 1,000 * 1/2
= $33.75
Answer:
Huh? hshjssjsjsjshshshsjsjs
4) Mr. Arian opened Arian’s Carpet Cleaners on March 1, 2021. During March, the following transactions were completed.
Mar. 1: Invested Br. 35,000 cash in a share of a business.
Mar. 1: Purchased used Truck (equipment) for Br. 6,000, paying Br. 2,000 cash and the remaining balance on account.
Mar. 3: Purchased cleaning supplies for Br. 1,500 on account.
Mar. 5: Paid Br. 1,200 cash on one-year insurance policy effective March Mar. 14: Billed customers Br. 4,800 for cleaning services.
Mar. 18: Paid Br. 1.500 cash on amount owed on Truck and Br. 500 on amount owed on cleaning supplies.
Mar. 20: Paid Br. 7,000 cash for employee salaries.
Mar. 21: Collected Br. 3,800 cash from customers billed on Mar. 28: Billed customers Br. 2,500 for cleaning services.
Mar. 31: Paid advertising expenses of Br. 2000. Mar. 31: paid a dividend of Br. 3000.
Requirements:
1) Journalize the March transactions.
2) Prepare necessary Ledger Accounts.
3) Prepare a Trial Balance at March 31
4) Journalize the following adjustments and prepare an adjusted Trial Balance:
i. Earned but unbilled revenue at March 31 was Br. 1000.
ii. Depreciation on equipment for the month was Br. 200.
iii. One-twelfth of the insurance expired.
iv. An inventory count shows Br. 400 of cleaning supplies on hand
v. Accrued but unpaid employee salaries were Br. 700.
5) Prepare the worksheet
6) Prepare an income statement, a statement of owner’s equity, and a statement of financial position.
7) Maintain the necessary closing entry.
Answers
In order to document a business transaction in the accounting records of the company, a journal entry is employed.
What is Journal Entry ?A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarised. After then, the general ledger is utilised to produce the company's financial statements.
Every business transaction should be recorded in at least two places, according to the reasoning behind a journal entry (known as double entry accounting). For instance, when you make a cash sale, the revenue account and the cash account are both increased. Alternatively, if you purchase items on credit, this raises both the accounts payable and inventory accounts.
The required journal entries are as below-
Date Particulars Debit (Br.) Credit (Br.)
Mar. 1 Cash a/c 35,000
To Capital a/c 35,000
(To start a business with cash)
Mar. 1 Truck a/c 6,000
To Cash 2,000
To Notes payable 4,000
Mar. 3 Cleaning supplies a/c 1,500
To Accounts payable 1,500
(To purchase supplies on account)Account
Mar. 5 Insurance policy a/c 1,200
To Cash a/c 1,200
(To record the payment of insurance policy)
Mar. 14 Accounts receivable a/c 4,800
To Service revenue a/c 4,800
(To billed customers for services)
Mar. 18 Notes payable a/c 4,000
Accounts payable a/c 1,500
To Cash a/c 5,500
(Being cash paid to truck and cleaning service due amount)
Mar. 20 Salary a/c
To Cash 7,000
(To paid salary) 7,000
Mar. 21 Cash a/c 3,800
To Accounts receivable a.c 3,800
(To collect billed amount)
Mar. 28 Accounts receivable a/c 2,500
To Service revenue a/c 2,500
(To bill customers for services)
Mar. 31 Advertising expense a/c
To Cash a/c 2,000
(Being advertising expense paid) 2,000
Mar. 31 Dividends a/c 3,000
To Cash a/c 3,000
(Being dividend is paid)
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Calculate the Net Present Value Weather Co has recently taken over many smaller companies, which it now runs as separate divisions. One division, Thunder, has just developed a new product called Lightning and is now considering whether to put it into production. The following information is available:
(i) Costs incurred in the development of Lightning amount to $480,000.
(ii) Production of Lightning will require the purchase of new machinery at a cost of $2,400,000, payable on the first day of the new financial year. The machinery is specific to the production of Lightning and will be obsolete and valueless when production ceases. The machinery has a production life of four years and a production capacity of 30,000 units per annum.
(iii) Production costs of Lightning (at year 1 prices) are estimated as follows:
Direct material $8
Direct labour $12
Variable overheads $ 12
In addition, incremental fixed production costs (at year 1 prices), including straight-line depreciation on plant and machinery, will amount to $800,000 per annum.
(iv) The selling price of Lightning will be $80 per unit (at year 1 prices). Demand is expected to be 25,000 units per annum for the next four years.
(v) The consumer price index is expected to be at 5% per annum for the next four years and the selling price of Lightning is expected to increase at the same rate. Annual inflation rates for production costs are expected to be as follows:
Direct materials 4%
direct labour 10%
variable overheads 4%
Fixed costs 5%
(vi) The company's cost of capital in money terms is expected to be 15%. Direct materials Direct labour Variable overheads
(vii) Corporation tax is 30% and is payable one year in arrears. Tax-allowable depreciation of 25 per cent on a reducing balance is available on capital expenditure.
(viii) This investment will also require an investment in working capital of $500,000 payable at the start of the project.
This is not expected to change during the life of the investment. Unless otherwise specified, all costs and revenues should be assumed to arise at the end of each year.
The financial manager has recommended that a discounted cash flow method of project appraisal be used, but some members of the board are reluctant to do this.
Answers
Answer: Net Present Value (NPV) = -$2,400,000 + [25,000 x $80 x (1 - 0.30)]/1.15 - [$480,000 + ($800,000 x 4)]/1.15^4 + ($500,000/1.15^4)
NPV = -$2,400,000 + $1,946,739.13 - $2,719,565.22 + $385,217.39
NPV = -$1,077,608.70
Explanation:
Based on this analysis, the Lightning project has NPV of -$2,279,126.25 which is negative. Hence, the project is not economically viable and should not be pursued.
How to calculate the Net Present ValueTo calculate the net present value (NPV) of the Lightning project
Firstly, estimate the cash flows associated with the project and discount them to their present values using the company's cost of capital.
To calculate the annual cash inflows and outflows associated with the project.
The annual revenue from selling 25,000 units of Lightning at a price of $80 per unit is:
25,000 x $80 = $2,000,000
The annual production costs can be calculated as follows:
Direct material: 25,000 x $8 = $200,000
Direct labour: 25,000 x $12 = $300,000
Variable overheads: 25,000 x $12 = $300,000
Incremental fixed costs: $800,000
Total annual production costs: $1,600,000
To calculate the annual cash flow, subtract the annual production costs from the annual revenue:
Annual cash inflow: $2,000,000 - $1,600,000 = $400,000
In addition to the annual cash inflow, consider the initial investment in the project.
This includes the development costs of $480,000, the purchase of new machinery for $2,400,000, and the investment in working capital of $500,000. The total initial investment is:
$480,000 + $2,400,000 + $500,000 = $3,380,000
To calculate the tax-allowable depreciation on the capital expenditure, The value of the machinery after each year can be calculated as follows:
Year 1: $2,400,000 x (1 - 0.25) = $1,800,000
Year 2: $1,800,000 x (1 - 0.25) = $1,350,000
Year 3: $1,350,000 x (1 - 0.25) = $1,012,500
Year 4: $1,012,500 x (1 - 0.25) = $759,375
The tax-allowable depreciation for the first year is:
$2,400,000 - $1,800,000 = $600,000
The tax-allowable depreciation for the remaining years is calculated in the same way.
Using the information above, calculate the annual cash flows and the NPV of the project as follows:
Year 0:
Initial investment: -$3,380,000
Year 1:
Cash inflow: $400,000
Tax-allowable depreciation: $600,000 x 30% = $180,000
Tax savings: $180,000 x 30% = $54,000
Net cash flow: $400,000 - $54,000 = $346,000
Discounted cash flow: $346,000 / (1 + 15%\()^1\) = $300,870.13
Year 2:
Cash inflow: $400,000
Tax-allowable depreciation: $1,800,000 x 25% x 30% = $135,000
Tax savings: $135,000 x 30% = $40,500
Net cash flow: $400,000 - $40,500 = $359,500
Discounted cash flow: $359,500 / (1 + 15%\()^2\) = $281,880.18
Year 3:
Cash inflow: $400,000
Tax-allowable depreciation: $1,350,000 x 25% x 30% = $101,250
Tax savings: $101,250 x 30% = $30,375
Net cash flow: $400,000 - $30,375 = $369,625
Discounted cash flow: $369,625 / (1 + 15%\()^3\) = $260,775.85
Year 4:
Cash inflow: $400,000
Tax-allowable depreciation: $1,012,500 x 25% x 30% = $75,938
Tax savings: $75,938 x 30% = $22,781.40
Net cash flow: $400,000 - $22,781.40 = $377,218.60
Discounted cash flow: $377,218.60 / (1 + 15%\()^4\) = $257,347.59
Total discounted cash flow: $300,870.13 + $281,880.18 + $260,775.85 + $257,347.59 = $1,100,873.75
To calculate the NPV, subtract the initial investment from the total discounted cash flow:
NPV = $1,100,873.75 - $3,380,000 = -$2,279,126.25
Based on this analysis, the Lightning project has a negative NPV of -$2,279,126.25. Therefore, the project is not economically viable and should not be pursued.
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The four functions of management Multiple Choice provide a decision-making framework in order to select new strategies. provide a framework for designing innovative products. are generally considered to be outdated by current management trends. are a step-by-step process that needs to be followed. are not a step-by-step process, but rather these functions occur simultaneously in order to operate an organization.
Answers
The four functions of management are : D. a step-by-step process that needs to be followed.
What is management?Management can be defined as the process of effectively managing the day to day operation of a business so as to achieve smoothy running .
The four managemet functions are esssentials orm important for any company or organization that want to succeed based on the fact that this function enables companies to operate smootly.
The four management functions are:
PlanningOrganizingLeadingControllingThis implies that managers needs to plan, organize, lead and control their daily business operation and this management functions should be follow step by step so as to acheive a desire result.
Planning is important for any business that want to succeed as lack of planning can have a negative effect on the growth of a company.
Therefore the correct option is D.
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Ronald asked his boss how to wax the floors, but he didn’t understand the answer. He should ______.
a.
wax the floors using what he already knows
b.
avoid waxing floors until he sees someone else do it
c.
ask for clarification on how to wax the floors
d.
complain to his boss’ supervisor
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
C; ask for clarification on how to wax the floors
Explanation:
Ronald asked his boss how to wax the floors, but he didn’t understand the answer. He should ask for clarification on how to wax the floors. Thus, option 'C' is the correct option.
How does clarification improve communication?Clarification in communication refers to conveying to the speaker the primary idea of what was just spoken, as perceived by the audience. As a consequence, the listener's comprehension is examined, and any discrepancies or misunderstandings are cleared up. Clarifying, as a follow-up to reflecting, reassures the speaker that the listener is making an effort to comprehend the messages they are delivering.
Asking questions or, on rare occasions, summarizing the speaker's remarks might help to clarify. To properly listen to people, we as leaders must ask clarifying questions. Asking for clarification is to elicit more details so that we can completely comprehend the sender's intended message, which is sometimes different from what they actually stated.
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Which of the following is a recordable event or item? a. Changes in managerial policy b. The value of human resources c. Changes in personnel d. Payment of monthly payroll. e. None of the above
Answers
The recordable event in the options is d. Payment of monthly payroll
For an event to be recordable:
it needs to have monetary value its value must be quantifiableOut of all the options, only payment of monthly payroll can be quantified and expressed in terms of money because we can find out how much needs to be paid as payroll for the month.
We can then record this amount as an expense therefore we can make the conclusion that payment of monthly payroll is a recordable event.
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Venus Corp. prohibits its employees from smoking in its premises. This is an example of a(n)_______.
Answers
The banning of smoking by employees of Venus Corp. in the company is known as a Rule.
What is a Company rule?These are requirements that the company imposes on employees. They are often done to meet company objectives and values.Venus Corp. is imposing the requirement that its employees do not smoke whilst on duty. This is most probably to meet a value of theirs which makes this a rule.
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Social security and medicare are progressive taxes. payroll taxes. local taxes. corporate taxes.
Answers
Answer:
payroll taxes
Explanation:
just took the test, got 100%
Social security and medicare are type of payroll taxes.
What are payroll taxes?Payroll taxes are taxes paid by an employees form his or her salary.
The tax can be deducted or removed directly from the salary or wages of the employee and it is removed based on the amount of salary or wages in pay roll.
Therefore, payroll taxes includes social security and medicare.
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Joey moved from NY to NV because he was transferred by his employer, Big Casinos Inc. His employer reimbursed his moving expenses,
and reported $1,250 on Form W-2, box 1. Joey's actual moving expenses totaled $1,450. How much can Joey claim as an adjustment to
income on Schedule 1, line 13?
Choose one answer
a. $1,250
b. $1,450
c. $200
d. $0
Answers
Answer:
Joey can claim as an adjustment to income on Schedule 1, line 13:
d. $0
Explanation:
Joey cannot claim any adjustment to his income because moving expenses are no longer tax-deductible based on the new Tax Cuts and Jobs Act, 2017. Instead of making any adjustment claim, the reimbursement by Joey's employer of his moving expenses to the tune of $1,250 will be included in his income and taxed. Before the new tax law, moving expenses were an adjustment to the adjusted gross income, not an itemized deduction.
D- Joey cannot claim any compensation in the schedule 1 line 13 of the Income Tax Act as per latest amendments that have been made to the Act recently.
The employer of Joey can also put a Tax deductible at source as per the will of Joey on the moving expenses as reimbursed by Big Casinos Inc. for transportation from NY to NV.
Earlier the deduction that could have been claimed by Joey could have been in full to such expenses being borne by him even if they were reimbursed to him by the employer.But after thorough review and reconstruction of the Income Tax Act it was concluded that the expenses reimbursed cannot be deducted by the federal taxation policies as there was tax evasion in this scheme.After amendments several changes changes have been made to the Act and it has been bought to a conclusion that schedule 1 line 13 will no longer be able to be claimed by the taxable person as it has been reimbursed.Hence, the correct option is D that Joey can claim a deduction $0 on his moving expenses that were reimbursed by Big Casinos Inc.
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Which of these is a characteristic of certificates of deposit (CDs)?
Answers
Answer:
They last for a certain period of time
Explanation:
Typically Certificates of Deposit are offered if the set amount is deposited and kept through the stated amount of time. (The length of the CD can be anywhere from 18 months to 3 years [most popular]) When the money is removed short of the stated time period a penalty is taken from the value of the CD.
Answer:
b.) They last for a set period of time.
63 On January 1, a company had the following equity account balances: Retained earnings $200 Paid-in capital $150 The following information was true about the company during the year: • Shareholders invested an additional $70 cash in the business. • The company's net loss for the year was $100. • Dividends for the year were $20. It is unusual, but not impossible, for a company to pay dividends even in a year in which it reports a net loss instead of net income. What is the company's retained earnings at the end of the year?
Answers
At the end of the year, the company's retained earnings would be $80.
What is Retained Earning?The term "retained earnings" refers to the portion of a company's profits that is retained rather than distributed to shareholders as dividends. It represents a company's accumulated profits that have not been distributed as dividends. Retained earnings can be put to use for a variety of things, such as reinvesting in the company, paying off debt, buying back shares, or providing the business with a cushion during difficult economic times.
The computation for the organization's held income toward the year's end would be:
Dividends = $20 Retained Earnings = $200 - $100 - $20 = $80 Beginning Retained Earnings = $200 Net Income/Loss = -$100 (since the company had a net loss of $100) Dividends = $20
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Production is an example of a marketing activity.
Question 1 options:
True
False
Answers
not sure if this information helps or not. I only need help with figuring out the amount for line 16 on 2021 tax form 1040. Beth R. Jordan lives at 2322 Skyview Road, Mesa, AZ 85201. She is a tax accountant with Mesa Manufacturing Company, 1203 Western Avenue, Mesa, AZ 85201 (employer identification number 11-1111111). She also writes computer software programs for tax practitioners and has a part-time tax practice. Beth is single and has no dependents. Beth was born on July 4, 1975, and her Social Security number is 123-45-6785. She did not engage in any virtual currency transactions during the year, and she wants to contribute $3 to the Presidential Election Campaign Fund. Beth received the appropriate coronavirus recovery rebates (economic impact payments); related questions in ProConnect Tax should be ignored. The following information is shown on Beth's Wage and Tax Statement (Form W-2) for 2021. Line Description Amount 1 Wages, tips, other compensation $65,000.00 2 Federal income tax withheld 9,500.00 3 Social Security wages 65,000.00 4 Social Security tax withheld 4,030.00 5 Medicare wages and tips 65,000.00 6 Medicare tax withheld 942.50 15 State Arizona 16 State wages, tips, etc. 65,000.00 17 State income tax withheld 1,954.00 During the year, Beth received interest of $1,300 from Arizona Federal Savings and Loan and $400 from Arizona State Bank. Each financial institution reported the interest income on a Form 1099-INT. She received qualified dividends of $800 from Blue Corporation, $750 from Green Corporation, and $650 from Orange Corporation. Each corporation reported Beth's dividend payments on a Form 1099-DIV. Beth received a $1,100 income tax refund from the state of Arizona on April 29, 2021. On her 2020 Federal income tax return, she used the standard deduction. Fees earned from her part-time tax practice in 2021 totaled $3,800. She paid $600 to have the tax returns processed by a computerized tax return service. On February 8, 2021, Beth bought 500 shares of Gray Corporation common stock for $17
Answers
Here is the amount for line 16 on 2021 tax form 1040 for Beth R. Jordan: $1,292.50
Here is the calculation:To calculate your overall earnings, you can subtract the state income tax withheld and add the state income tax refund and net self-employment income, while also taking into account any self-employment expenses.
These figures can be found on lines 2 and 17 of your W-2 form, and lines 3 and 27 of your Schedule C, respectively.
The precise figures of these items are given below:
Federal income tax withheld: $9,500
State income tax withheld: $1,954
State income tax refund: $1,100
Net self-employment income: $3,800
Net expenses from self-employment: $600
Plugging these values into the calculation above, we get:
$9,500 - $1,954 + $1,100 + $3,800 - $600 = $1,292.50
Therefore, the amount for line 16 on 2021 tax form 1040 for Beth R. Jordan is $1,292.50.
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The price of a gallon of milk falls. Which of the following is a possible cause?
a discovery that milk cause diabetes
a drought that reduces supplies of feed grains fed to cows that produce milk
an increase in the income of the average household, with milk being a normal good
a decrease in the price of oatmeal, a complement to milk
Answers
When there is a fall in the price of the gallon of milk, the most possible cause among all the given causes is that “a discovery that milk causes diabetes”. Hence, Option A is correct.
What is the fall in the price?Both terms have the same meaning: it is a period in which the price of a commodity or any product falls in comparison to other products on the market, which can be its substitute or complement, or it can also be a competitive product.
There were reasons why the price of any product fell. Sometimes, the supply of any product in the market is in abundance. In that case, the price of any product will fall.
When it comes to the price fall of a gallon of milk, it is because people who consume milk find that the main reason or one of the reasons for diabetes is milk.
Thus, Option A is correct.
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Gemma's seller client, Hugo, is selling his house in Benton. As Hugo's seller agent,
Gemma has several tasks to perform for him. One of these tasks is to what
Answers
Gemma's task as Hugo's seller agent is to conduct a comparative market analysis (CMA) to determine the appropriate listing price for the house in Benton.
The purpose of a CMA is to determine the appropriate listing price for the property by comparing it to similar properties in the local market.
Gemma will gather information on recently sold properties in Benton that are similar in size, condition, location, and features to Hugo's house. This information includes the selling prices of these properties, as well as the time they spent on the market before being sold.
By analyzing the data from the comparable properties, Gemma will be able to assess the current market value of Hugo's house. This will help her and Hugo determine a competitive and realistic listing price that attracts potential buyers while maximizing the property's value.
Gemma's CMA will involve carefully selecting and evaluating the most relevant comparable properties and making adjustments to account for any differences between them and Hugo's house. These adjustments may consider factors such as square footage, upgrades, amenities, and location.
By performing a thorough and accurate CMA, Gemma will provide Hugo with valuable insights into the local real estate market and enable him to make informed decisions regarding the listing price and marketing strategy for his house in Benton.
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J's Foods is trying to estimate the cash flows in their first year of operation. They project that the firm will have sales of 100,000; operating costs of 50,000; and depreciation of 10,000. If their tax rate is 29% what would the firm's operating cash flow equal?
Answers
Answer:
$38,400
Explanation:
The computation of operating cash flow is shown below:-
Operating cash flow = (Sales - operating costs - depreciation) × (1 - tax) + depreciation
= (100,000 - 50,000 - 10,000) × (1 - 0.29) + 10,000
= (40,000) × (0.71) + 10,000
= $38,400
Therefore for computing the operating cash flow we simply applied the above formula.
Volunteer Corporation reported taxable income of $490,000 from operations this year. The company paid federal income taxes of $102,900 on this taxable income. During the year, the company made a distribution of land to its sole shareholder, Rocky Topp. The land’s fair market value was $120,500 and its tax and E&P basis to Volunteer was $55,500. Rocky assumed a mortgage attached to the land of $24,100. The company had accumulated E&P of $934,000 at the beginning of the year.
a. Compute Volunteer’s taxable income and federal income tax.
b. Compute Volunteer's current E&P before the distribution.
c. Compute Volunteer’s accumulated E&P at the beginning of next year.
d. What amount of dividend income does Rocky report as a result of the distribution?
e. What is Rocky’s income tax basis in the land received from Volunteer?
Answers
From the information given,
Federal Income Tax = $138,750 Current E& P for the year = $ 416,250Accumulated E&P at the beginning of the next year = $ 1,253,850Rocky’s Dividend Income Reported = $ 96,400Rocky’s Income Tax basis = $ 120,500The calculations are given as followsFederal Income Tax:
Taxable income from operations $490,000
Add: Gain on the distribution of land
($120,500 - 55,500) = 65,000
Total taxable income $555,000
Federal Income Tax ($555,000 * 25%) = $138,750
Volunteers current E&P
Taxable income $555,000
Subtract: Federal Income Tax $138,750
Adjustment for gain on distribution Of land $ 0
Current E&P before distribution $416,250
Volunteers E&P at the beginning of Next Year
Current E&P $ 416,250
Subtract: Fair market value of land distributed
in the previous year $120,500
Add: Mortgage assumed by rocky $24,100
CE &P after distribution $319,850
Accumulated E&P, beginning of current Year $934,000
Accumulated E&P, beginning of Nex Year $1,253,850
Rocky reports a dividend income given as:
Fair Market Value of Land (-) Liability
That is: 120,500 - $24,100
Dividend income = $ 96,400
($124,500) income tax basis in the land equals its fair market value
Income Tax basis = Fair Market Value of Land = $ 120,500
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Incentive pay based on the quality of work done, years of service, or a company's sales:
a:net pay
b:wages
c:salary
d:bonus
Answers
D) bonus
Suppose the price elasticity of supply for lumber is 2.4. If the price of lumber increases by 20% how much would the quantity supplied of lumber change
Answers
The quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
How to calculate by how much would the quantity supplied of lumber changeIf the price elasticity of supply for lumber is 2.4, then we can use the formula:
Elasticity of supply = percentage change in quantity supplied / percentage change in price
Solving for the percentage change in quantity supplied, we get:
Percentage change in quantity supplied = Elasticity of supply * Percentage change in price
Given that the price of lumber increases by 20%, the percentage change in price is 20%.
The percentage change in quantity supplied would be:
Percentage change in quantity supplied = 2.4 * 20% = 48%
Hence, the quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
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Customers today demand service that is what?
Answers
Customers today demand services that are comparable to the kinds and quantities of goods and services which people will purchase, or would purchase, if they were offered.
Why is demand important?Demand is the term used to describe a consumer's desire and desire to purchase a good or service at a specific time or over time. In accordance with their budget for discretionary spending, consumers must also be able to afford the items they want or need.
What's the process of a demand?Consumer spending, public and private business investment, and the balance of imported and exported goods are all added together to compute aggregate demand. The equation AD ≈ C + I (+ G + Nx is used to represent it. The following are the aggregate demand's constituents: C stands for consumer expenditures on services and goods.
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A Machine makes 5 buttons at a time each doll shirt gets 5 buttons how many doll shirts can be finished with 5 buttons
Answers
Answer:
1
Explanation:
If each doll shirt gets 5 buttons then only one can be finished with 5 buttons.
Which of the following methods would be most appropriate for attracting
attention to an endcap display?
O A. Creating a realistic scene to tell a story
B. Grouping together items of the same color
O C. Using awnings to brighten the display's appearance
D. Setting up a small stand-alone structure
Answers
Answer:
B. Grouping together items of the same color
Explanation:
Grouping together items of the same color. of the following methods would be most appropriate for attracting attention to an endcap display.
What is attention?The behavioral and cognitive process of selectively focusing on a specific piece of information—whether it be regarded as subjective or objective—while disregarding other information that can be perceived. The action of paying attention helps to focus all of the senses, including sight, hearing, and smell. It might concentrate on pertinent data on the radio network,
With grouping, you may move, rotate, flip, and resize all shapes and objects simultaneously as if they were a single shape or object. Additionally, you can modify all of the features of a set of forms at once, such as adding an image effect or shape fill.
It is called categorization to group things based on shared characteristics. The study of classification is known as taxonomy. Scientists classify creatures into groups using a variety of forms of data. Levels are used to arrange the groups.
Therefore, Thus, option (B) is correct.
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________ is an underlying assumption of cost-volume-profit analysis. A : All units produced are either sold or in ending inventory B : The behavior of both costs and revenues is curvilinear throughout the entire range of the activity index C : All costs can be classified as either variable or fixed with reasonable accuracy D : Changes in activity and other factors affect costs
Answers
Answer:
C : All costs can be classified as either variable or fixed with reasonable accuracy
Explanation:
Cost volume profit analysis (CVP) makes the following assumptions when it is used to determine how any change in costs can affect income:
costs can be classified as fixed or variable, and they are constantrevenues are linear with a given rangeall units produced are soldcosts will only change if output changesBest Techniques to Boost Your Engagement on LinkedIn?
Answers
Answer:
1. Create & Post Relevant Content Consistently
2. Use LinkedIn Automation Tools for Engagement
3. Understand Metrics
4. Share Visual Content More
5. Be more personalized — less sales-y
6. Participate in LinkedIn Groups More and More
7. Always Add a CTA in Your Messages
A monetary unit that is freely and easily converted into other currencies is
a hard currency
a soft currency.
an exchange control.
a trade credit.
Answers
Answer:
A hard currency
Explanation:
A monetary unit that is freely and easily converted into other currencies is a hard currency.
The value of this currency neither depreciates suddenly nor fluctuate to a great extend.
This currency is considered politically and economically stable by the nation.
Hard currencies can also be used as a form of payment for goods and services.